Calian Group Ltd. (CGY) to Issue Quarterly Dividend of $0.28 on March 12th

Calian Group Ltd. (TSE:CGY) declared a quarterly dividend on Wednesday, February 26th, TickerTech Dividends reports. Investors of record on Wednesday, March 12th will be given a dividend of 0.28 per share on Wednesday, March 12th. This represents a $1.12 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, February 26th.

Calian Group Price Performance

CGY stock opened at C$43.81 on Monday. The company has a 50 day simple moving average of C$48.24 and a 200 day simple moving average of C$47.85. The stock has a market cap of C$520.07 million, a price-to-earnings ratio of 46.91, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$60.29. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Analyst Upgrades and Downgrades

CGY has been the subject of a number of research analyst reports. Ventum Financial lowered their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. CIBC decreased their price target on shares of Calian Group from C$63.00 to C$62.00 in a research report on Friday, February 14th. Finally, Acumen Capital reduced their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$72.14.

Insider Buying and Selling

In related news, Director Raymond Gregory Basler sold 849 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total transaction of C$42,101.91. Also, Director Lori O’neill bought 600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$44.75 per share, for a total transaction of C$26,850.00. Following the completion of the purchase, the director now owns 600 shares of the company’s stock, valued at C$26,850. This represents a ∞ increase in their ownership of the stock. Over the last ninety days, insiders have purchased 3,147 shares of company stock valued at $148,588 and have sold 10,884 shares valued at $528,380. 0.63% of the stock is owned by insiders.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.